HEUTEN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HEUTEN
Largest movements
- Cash -€8,626
down €8,626 (-95.9%), from €8,996 to €370
mainly Net result for the year (-€6,346) and Investment in fixed assets (net) (-€3,950)
- Tangible fixed assets -€4,952
down €4,952 (-22.2%), from €22,298 to €17,346
of which Furniture and vehicles: -€7,401
- Receivables within one year +€2,974
up €2,974 (+174.6%), from €1,703 to €4,677
of which Trade receivables: +€3,085
- Deferred charges and accrued income +€840
up €840 (+2074.1%), from €40 to €880
- Profit (loss) carried forward -€6,346
down €6,346 (-15.3%), from -€41,523 to -€47,869
- Other debts -€2,589
down €2,589 (-7.3%), from €35,619 to €33,030
- Debts after one year -€2,173
down €2,173 (-10.4%), from €20,972 to €18,799
- Trade debts +€1,591
up €1,591 (+756.4%), from €210 to €1,801
- Gross operating margin -€9,088
down €9,088 (-61.7%), from €14,727 to €5,640
- Financial charges +€1,789
up €1,789 (+308.1%), from €581 to €2,369
- Depreciation +€1,190
up €1,190 (+15.4%), from €7,711 to €8,902
- Taxes +€293
new in 2025: €293
- Other operating charges -€159
down €159 (-27.4%), from €581 to €422
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,109 | €24,497 | -€9,612 | -28.2% |
| Fixed assets | 21/28 | €22,298 | €17,346 | -€4,952 | -22.2% |
| Tangible fixed assets | 22/27 | €22,298 | €17,346 | -€4,952 | -22.2% |
| Land and buildings | 22 | €379 | €361 | -€18 | -4.8% |
| Plant, machinery and equipment | 23 | €3,331 | €5,798 | +€2,467 | +74.0% |
| Furniture and vehicles | 24 | €18,588 | €11,187 | -€7,401 | -39.8% |
| Current assets | 29/58 | €11,811 | €7,151 | -€4,660 | -39.5% |
| Stocks and contracts in progress | 3 | €1,071 | €1,223 | +€152 | +14.2% |
| Stocks | 30/36 | €1,071 | €1,223 | +€152 | +14.2% |
| Amounts receivable within one year | 40/41 | €1,703 | €4,677 | +€2,974 | +174.6% |
| Trade receivables | 40 | €1,519 | €4,604 | +€3,085 | +203.2% |
| Other amounts receivable | 41 | €185 | €73 | -€111 | -60.2% |
| Cash at bank and in hand | 54/58 | €8,996 | €370 | -€8,626 | -95.9% |
| Deferred charges and accrued income | 490/1 | €40 | €880 | +€840 | +2074.1% |
| Total equity and liabilities | 10/49 | €34,109 | €24,497 | -€9,612 | -28.2% |
| Equity | 10/15 | -€25,623 | -€31,969 | -€6,346 | -24.8% |
| Contributions | 10/11 | €15,900 | €15,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,523 | -€47,869 | -€6,346 | -15.3% |
| Amounts payable | 17/49 | €59,732 | €56,466 | -€3,266 | -5.5% |
| Amounts payable after more than one year | 17 | €20,972 | €18,799 | -€2,173 | -10.4% |
| Financial debts | 170/4 | €20,972 | €18,799 | -€2,173 | -10.4% |
| Amounts payable within one year | 42/48 | €38,761 | €37,667 | -€1,093 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €2,122 | €2,225 | +€103 | +4.9% |
| Trade debts | 44 | €210 | €1,801 | +€1,591 | +756.4% |
| Suppliers | 440/4 | €210 | €1,801 | +€1,591 | +756.4% |
| Taxes, remuneration and social security | 45 | €810 | €612 | -€198 | -24.5% |
| Taxes | 450/3 | €710 | €512 | -€198 | -27.9% |
| Remuneration and social security | 454/9 | €100 | €100 | = | 0.0% |
| Other amounts payable | 47/48 | €35,619 | €33,030 | -€2,589 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,711 | €8,902 | +€1,190 | +15.4% |
| Other operating charges | 640/8 | €581 | €422 | -€159 | -27.4% |
| Gross operating margin | 9900 | €14,727 | €5,640 | -€9,088 | -61.7% |
| Operating profit (loss) | 9901 | €6,435 | -€3,684 | -€10,119 | |
| Financial income | 75/76B | €109 | €0 | -€109 | -100.0% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -100.0% |
| Financial charges | 65/66B | €581 | €2,369 | +€1,789 | +308.1% |
| Recurring financial charges | 65 | €581 | €2,369 | +€1,789 | +308.1% |
| Profit (loss) for the period before taxes | 9903 | €5,964 | -€6,053 | -€12,017 | |
| Income taxes | 67/77 | - | €293 | +€293 | |
| Profit (loss) for the period | 9904 | €5,964 | -€6,346 | -€12,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,964 | -€6,346 | -€12,310 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.